Explained: Why Do People Choose to Get Coins Graded?
Coins are evaluated based on their rarity, cost, and condition, with a higher condition contributing to a higher coin worth. When a coin is auctioned or sold by a dealer, there is an incentive for them to portray the coin as being in the highest possible grade to maximize its value. Many collectors lack the knowledge or experience to assess the grade of a coin, even though coin grading services have been in existence since the 1980s. The two largest grading services, NGC and PCGS, have collectively graded nearly 70 million coins over the past 30 years. It's important to note that these grading services do not appraise the coins or assign them a specific value. Instead, they provide a numerical grade, and the market determines the coin's value based on that grade. Not All Coins Are Worth Grading The most common question we receive from first-time buyers and sellers is, "Should I get my coin graded?" The short answer is that it simply depends on the current value of